5 Ways to attract potential borrowers
Grassroots marketing still works. Here’s how A little creativity goes a long way when it comes to attracting past prospects and senior homeowners in your area…
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The most important question you should ask
What is the most important question you should be asking during your appointments? Email John what you think is the most important question to ask during an appointment. About John Luddy: John has trained reverse mortgage professionals how to be successful when sitting face-to-face at the kitchen table with
The New “Nesters”: Not Empty, Not Full, Just Right
In the past, granny units weren’t typically inhabited by grannies. Most such units served as an income source for the homeowner, and were rented out to twenty-somethings who were getting their feet wet in the job market. Or, in more recent economic times, to people of all ages who need
Part 2: Exclusive Interview: The Role of Traditional Lenders in HECM Lending
Part 2: Exclusive Interview with Dan Harder of 1st Reverse Mortgage USA In the conclusion of our interview with Dan, we discuss the following: Is there a lack of demand for reverse mortgages? Why he believes traditional lenders will account for the majority of HECM volume The approach used
You’d better tell them upfront
Don’t surprise applicants with the Collateral Risk Assessment Despite her initial reluctance, one originator shared her success when she notified her applicant about the possibility of a second appraisal…
Forward or Reverse? We can help.
Norcom Mortgage welcomes both traditional & HECM LOs John invites both traditional and reverse originators to join the Norcom team.. About John Luddy: John has trained reverse mortgage professionals how to be successful when sitting face-to-face at the kitchen table with prospective HECM borrowers. Norcom is looking for qualified
Upleveling Aging
At 70, you are still a child. At 80, a young man or woman. If at 90, someone from Heaven invites you over, tell him, “Just go away, and come back when I am 100.” ~ Saying carved into a rock facing the sea near the village of Kijioka, in
HECM Changes: Two risks remain
The HECM’s philosophy shapes risk management measures & future reforms Few are asking an underlying question that will shape every effort to curb future losses or HECM claims against the Federal Housing Administration’s Mutual Mortgage Insurance Fund. That question is if the Home Equity Conversion Mortgage is a true
